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Ann: Quarterly Activities Report - December 2016, page-8

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kadgo

147 Posts.

31/01/17

12:12

Post #: 22245848
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Originally posted by RabbitTrap ↑

One of the positive takeaways from the quarterly is the fact some follow up drilling is also taking place at the Bodangora prospect. The drill results to date while not outstanding (long intersects of low grade similar to the initial results at Cadia Ridgeway) do look very promising.

"RC drilling contracts for approximately 3,000 metres has be let and drilling commenced to test porphyry gold-copper targets at Dreill Creek, Boda and Duke targets within the Bodangora tenement and at the adjoining Finns Crossing project."

So two separate drilling programs are underway, the first for the Tomingley region and the Bodangora drilling.

Still feel that all is moving in the right direction, and other than the fact the rain has flattened the result for a few quarters, it appears that the very conservative management is slowly but surely ticking all the right boxes moving the now DP (ex DZP) forward.

I think that exploration will ramp up once funding for the DP is finally obtained.

I am thinking that Siemens will be an important part of this funding, due to the export funding from Germany.

As I said before, while it is pretty painful at the moment, it will not take much to change this to very exciting in the next 3 to 6 months, particularly when funding has started to become more clear and construction of the DP commences.

The DP is a project that has raw technology materials that the world needs, they are not linked to China, and this has and will continue to be its main selling point.

The Tomingley project has provided seed capital to move the DP forward and still provides funds to prevent excessive dilution of the shareholder funds. I think it is an important part of the long term picture. Once DP is underway, this could change but only once that has happened.

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Over on the SHV thread there is a post saying that there will be less than average rainfall for the next half based on BOM charts. Here's hoping.

ALK Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities Report - December 2016, page-8

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